TIAA CREF Investment Management LLC lowered its stake in Nutanix Inc. (NASDAQ:NTNX) by 55.9% during the first quarter, Holdings Channel reports. The fund owned 148,550 shares of the technology company’s stock after selling 188,283 shares during the period. TIAA CREF Investment Management LLC’s holdings in Nutanix were worth $2,788,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its position in Nutanix by 418.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company’s stock valued at $36,291,000 after buying an additional 1,102,841 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Nutanix during the fourth quarter valued at about $566,000. New Jersey Better Educational Savings Trust purchased a new position in Nutanix during the first quarter valued at about $394,000. Blair William & Co. IL purchased a new position in Nutanix during the first quarter valued at about $342,000. Finally, Stifel Financial Corp purchased a new position in Nutanix during the first quarter valued at about $546,000. Hedge funds and other institutional investors own 18.55% of the company’s stock.
Nutanix Inc. (NTNX) opened at 21.245 on Tuesday. The stock’s market capitalization is $3.22 billion. The firm’s 50-day moving average is $20.27 and its 200-day moving average is $21.65. Nutanix Inc. has a 12-month low of $14.38 and a 12-month high of $46.78.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.45) by $0.32. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The business had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. The firm’s revenue was up 67.2% compared to the same quarter last year. Analysts predict that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
Several research analysts have issued reports on NTNX shares. Bank of America Corp restated a “buy” rating and set a $27.00 price target on shares of Nutanix in a report on Tuesday, May 30th. JMP Securities set a $35.00 price target on shares of Nutanix and gave the stock a “buy” rating in a report on Tuesday, April 18th. Credit Suisse Group restated a “buy” rating and set a $38.00 price target on shares of Nutanix in a report on Friday. Goldman Sachs Group, Inc. (The) upgraded shares of Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, May 22nd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Nutanix in a research note on Monday, May 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $32.01.
In related news, VP Kenneth W. Long III sold 30,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $19.76, for a total transaction of $592,800.00. Following the sale, the vice president now directly owns 239,074 shares of the company’s stock, valued at $4,724,102.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey T. Parks sold 1,234,822 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $21.97, for a total value of $27,129,039.34. The disclosure for this sale can be found here. Insiders have sold 3,536,737 shares of company stock worth $71,191,028 over the last ninety days.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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